Short MRK at above $41.25. Stop on a daily close above $41.66. We have the benefit of a tight stop. Target one is $40 take half off. Target two (final target) $38.34.
20ma is also crossing 200ma. Stock below all moving averages. Stock looks weak and poised for more downside.
20ma is also crossing 200ma. Stock below all moving averages. Stock looks weak and poised for more downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.